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-The Above Figure Illustrates the Demand for Peanuts

question 6

Multiple Choice

  -The above figure illustrates the demand for peanuts. If the price falls from $12 to $9 a bag, total revenue will _______, and if the price rises from $3 to $6 a bag, total revenue will _______. A)  increase; decrease B)  decrease; decrease C)  increase; increase D)  decrease; increase
-The above figure illustrates the demand for peanuts. If the price falls from $12 to $9 a bag, total revenue will _______, and if the price rises from $3 to $6 a bag, total revenue will _______.


Definitions:

Graph

A visual representation of data or mathematical functions, typically displayed using lines, bars, or points on two axes.

Vertices

Points where two or more lines, edges, or curves meet, often used to define the corners of geometric shapes or graphs.

Ellipse

An ellipse is a curve on a plane that surrounds two focal points such that the sum of the distances to the two focal points is constant for every point on the curve.

Center

The midpoint or central point of a geometric shape or object.

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